PUBLISHING CO OF NORTH AMERICA INC
SC 13G, 1997-09-10
MISCELLANEOUS PUBLISHING
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[RETURN-COPY]
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                               (AMENDMENT NO. __*)

                  The Publishing Company of North America, Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                   744654-10-4
                                 (CUSIP Number)

     *The  remainder  of this cover  page  shall be filled  out for a  reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

1)       Name of Reporting  Persons S.S. or I.R.S. Identification  Nos. of Above
         Persons
         PETER S. BALISE, N.A.

2)       Check the Appropriate Box if a Member of a Group (See Instructions)
         (a)
         (b)   X

3)       SEC Use Only

4)       Citizenship or Place of Organization   U.S.A.

Number of        (5)  Sole Voting Power    1,103,725
Shares Bene-
  ficially       (6)  Shared Voting Power     -0-
Owned by
Each Report-     (7)  Sole Dispositive Power    1,103,725
  ing Person
With             (8)  Shared Dispositive Power     -0-

9)       Aggregate Amount Beneficially Owned by Each Reporting Person
         1,103,725

10)      Check if the Aggregate Amount in Row (9) Excludes Certain Shares
         (See Instructions)

11)      Percent of Class Represented by Amount in Row (9)      26.9%

12)      Type of Reporting Person (See Instructions)     IN



<PAGE>


                                    Item 1(a)
Name of Issuer:  THE PUBLISHING COMPANY OF NORTH AMERICA, INC.

                                    Item 1(b)
Address of Issuer's Principal Executive Offices:
186 P.C.N.A. PARKWAY
LAKE HELEN, FL  32744-0280

                                    Item 2(a)
Name of Person Filing:  PETER S. BALISE

                                    Item 2(b)
Address of Principal Business Office or, if none, Residence:
186 P.C.N.A. PARKWAY
LAKE HELEN, FL  32744-0280

                                    Item 2(c)
Citizenship:       U.S.A.

                                    Item 2(d)
Title of Class of Securities:      COMMON STOCK

                                    Item 2(e)
CUSIP Number:      744654-10-4

                                     Item 3
NOT APPLICABLE

                                     Item 4
Ownership.
     If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1(b)(2),
if  applicable,  exceeds five percent,  provide the following  information as of
that date and identify those shares which there is a right to acquire.

(a)    Amount Beneficially Owned:  1,103,725

(b)    Percent of Class:  26.9%

(c)    Number of shares to which such person has:

       (i)    sole power to vote or to direct the vote:    1,103,725
       (ii)   shared power to vote or to direct the vote:   -0-
       (iii)  sole power to dispose or to direct the disposition of:  1,103,725
       (iv)   shared power to dispose or to direct the disposition of:   -0-

                                     Item 5
Ownership of Five Percent or Less of a Class.

     *If this  statement  is being  filed to report the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following [ ]. 1

<PAGE>


                                     Item 6
Ownership of More than Five Percent on Behalf of Another Person.
NOT APPLICABLE

                                     Item 7
Identification  and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company.
NOT APPLICABLE

                                     Item 8
Identification and Classification of Members of the Group.
NOT APPLICABLE

                                     Item 9
Notice of Dissolution of Group.
NOT APPLICABLE

                                     Item 10
Certification.

     By signing  below,  I certify that, to the best of my knowledge and belief,
the  securities  referred  to above  were  acquired  in the  ordinary  course of
business  and were not acquired for the purpose of and do not have the effect of
changing or  influencing  the control of the issuer of such  securities and were
not acquired in connection  with or as a participant in any  transaction  having
such purposes or effect.

Signature.

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.

Date:  February 13, 1997


/s/ Peter S. Balise
Signature


PETER S. BALISE
Name/Title




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